Farcaster

☄️ The Chinese Communist government is planning to sell its own digital currencies, mostly seized from criminal cases. 
🚫 The country wants to cash out 194,000 Bitcoins and 833,000 Ethereums through Hong Kong exchanges and convert them into yuan. 
📣 There is no exact plan yet for how and how many, but if it wants to sell this many Bitcoins in high volumes, it will definitely create selling pressure in the market.

This news could definitely have a big impact on the market and shows we need to be prepared for upcoming volatility.
The market is always full of risks and opportunities at the same time.